Question
You have the opportunity to purchase a 21?-year, ?$1,000 par value bond that has an annual coupon rate of 8?%. If you require a YTM
You have the opportunity to purchase a 21?-year, ?$1,000 par value bond that has an annual coupon rate of 8?%. If you require a YTM of 8.9?%, how much is the bond worth to? you?
The price of the bond is ?$ . ?(Round to the nearest? cent.
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
